Street Equipment’s acountants assembled the following data for the year ended April 30, 2018. E(Click the icon to view the data.)
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Prepare Street Equipment’s statement of cash flows for the year ended April 30, 2018, using the indirect methnd. The caah balance for Street Equipment, Inc., at April 30, 2017, was $16,000. Begin by oompleting the cash flows from aperating activities. (LUse parenthesea or a minus sign for numbers to be aubtracted.)
Street Equipment, Inc. Statement of Cash Flows Year Ended April 30, 2018 – X i Data Table Cash flows from operating activities: Adjustrments to reconcile net income to Not income Purchase of equipment 58,000 — net cash provided by operating activities: Proceeds from issuance of with cash 42,000 cormmon stock 15,000 Decrease in current liabilities 6,000 . Payment of long-term Payment of divldends 5,700 note payable 35,000 Increase in current assets Net cash provided by (used for) operating activities cther than cash 65,000 32,000 Proceeds from sale of land Purchase of treasury stock 19,000 11,000 Depreciation expense.
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